Rpower - Technical Update

by Dean Market Profile on Saturday, February 09, 2013 in Rpower, Stocks, Updates

Rpower has been forming a descending triangle, since Oct high.
Prices have resolved on the downside, with a clear break down below the lower boundary of the triangle.
The target for this pattern comes around 69, but an important low is at 75.2. So support can be expected in this range of 75-69.
Keep an eye on the Nifty, for what broader market is doing.

About Dean Market Profile
Dean is a fulltime trader for last 13 years. He is passionate about technical analysis. His instruments of choice are Nifty and banknifty futures and options. His main analysis and trading tools include advanced techniques like Market Profile, Voilume Spread Analysis and Order FLow Analysis. Dean is a teacher at heart and loves sharing his learnings with committed traders. You can check out his courses here...

2 comments:

sreyO...10 February 2013 at 09:43
Dear Aniruddha Sir,

Good work as usual. Kindly put some light on United Spirits. I think technically this stock is on the verge of huge breakout.

Thanx and regards,
Sreyoskar
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Saturday, February 09, 2013

Rpower - Technical Update

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